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High-Tech Metals Limited (ASX:HTM)

ALERT: Price-sensitive ASX Announcement for HTM
Current share price for HTM : $0.250 0.005 (2.04%)+
Announcement
Release
11 May 2026 8:19AM
Price at Release
$0.245
Full Release
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Summary
High-Tech Metals Limited (ASX: HTM) announced an update on their 5,000m reverse circulation (RC) drilling program at the Mt Fisher Gold Project. High-Tech Metals engaged Tier-1 contractor Strike Drilling, which has completed 700m of the drilling plan. This initiative aims to expand the current Mineral Resource Estimate (MRE) by targeting high-grade shoots and extensions beyond existing limits. Despite initial delays due to underperformance of a previous contractor, the drilling is progressing at anticipated rates. The company is expediting assay results for the initial holes drilled, with results expected soon. This drilling program could significantly enhance HTM's project value as they advance towards development at both the Mt Fisher and Wagtail sites.
Key Points
  • Tier-1 contractor Strike Drilling completed 700m of a planned 5,000m RC drilling program at Mt Fisher.
  • The program aims to expand the current Mineral Resource Estimate (MRE) at Mt Fisher.
  • Initial assays for the first 4 holes have been expedited with results expected soon.
  • Progress was slower than expected due to initial contractor underperformance, now replaced by Strike Drilling.
  • Drilling aims to test extensions to the current MRE and potential mineralization beyond current resource limits.
  • HTM is expediting assay results and several holes have been sent for testing.
  • High-Tech Metals Ltd is focusing on advancing the Mt Fisher and Wagtail projects towards development.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.